Rebuilding Your Credit

[Aaronht3]

So I called allianceone after seeing on a credit report. The lady said it is a good active and verified debt. I asked for info and she says its from aug 2000. I said we'll that's past the sol and she says its still a debt. This was a parking ticket. She then says that they will be coming after my bank account. I disputed with all 3 credit bureaus. Equifax is the only one that didn't delete it. Anything I can do?

[llecs]

Be sure not to confuse SOL with CRTP. CRTP is the credit reporting time period which is set by federal law and that's 7-7.5 yrs on items like collections. SOL is the time frame a creditor has to collect. That has nothing to do with reporting and varies by state. Parking tickets vary by state. I know of at least one state (AZ I think) where there is no SOL on parking tickets. They can come after the debt decades after the ticket. I'm not familiar with states' SOL on parking tickets, but I can't imagine more than 5-10 yrs. on average. Definitely check your state's laws (or rather the state in which the ticket was issued).

Per reporting, a CA (I'm assuming AllianceOne is a CA) cannot report for more than 7-7.5 yrs from the date of the ticket. If the ticket was issued in 8/2000, do you have proof of that? Could you re-dispute with that proof?

[Shogun]

The woman was right in one aspect.  Yes, it is still an active valid debt.  All debt is that way until paid, no matter if it's past the SOL or the CRTP.  What this does appear to be however is a Zombie debt.  It shouldn't be on your CR because it is so old.

Now with that being said, since this is from a ticket, there are some state statutes that may come into play as to how long they can collect on it concerning the SOL.  I don't know the particulars for your situation so I am unable to comment on them.

As far as coming after your bank account, unless you live in Minnesota or a state that has pocket filing, they must take you to court.  Once again, concerning your particular states statutes, since this was a ticket, they may consider that this serves as the legal means by which to secure a judgement..

The only thing I can tell you for certain is that this is past the CRTP and should by no means that I'm aware of be showing on your CR.   How much is it?  If it's a small amount, I'd pay and this would all be a moot point.

[Shogun]

llecs is a faster typer.    haha